Category: Market Action

Market Action

December 4, 2024

PerpetualDiscounts now yield 6.23%, equivalent to 8.10% interest at the standard equivalency factor of 1.3x. Long corporates yielded 4.54% on 2024-12-3 and since then the closing price of ZLC changed from 15.82 to 15.90, a total return of +0.51%, implying a decrease of yields of 4bp (BMO reports a duration of 12.37, but don’t disclose whether this is Macaulay or Modified; I will assume Modified) to 4.50%. Therefore, the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has widened to 360bp from the 340bp reported November 27.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.4034 % 2,275.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.4034 % 4,364.3
Floater 8.37 % 8.69 % 28,040 10.58 4 0.4034 % 2,515.1
OpRet 0.00 % 0.00 % 0 0.00 0 0.1141 % 3,624.2
SplitShare 4.77 % 4.33 % 67,041 1.19 7 0.1141 % 4,328.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1141 % 3,377.0
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.1091 % 2,842.4
Perpetual-Discount 6.04 % 6.23 % 50,516 13.51 32 0.1091 % 3,099.5
FixedReset Disc 5.48 % 6.78 % 105,101 12.85 53 0.0414 % 2,744.4
Insurance Straight 6.02 % 6.15 % 59,277 13.73 21 0.0092 % 3,009.4
FloatingReset 6.69 % 6.30 % 33,346 12.39 4 0.3268 % 3,351.1
FixedReset Prem 6.15 % 5.53 % 186,493 3.72 10 -0.3147 % 2,591.0
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.0414 % 2,805.4
FixedReset Ins Non 5.23 % 6.13 % 88,555 13.79 14 -0.5199 % 2,807.2
Performance Highlights
Issue Index Change Notes
SLF.PR.H FixedReset Ins Non -10.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 16.81
Evaluated at bid price : 16.81
Bid-YTW : 7.23 %
IFC.PR.A FixedReset Ins Non -3.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.30 %
BN.PF.J FixedReset Disc -2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 22.31
Evaluated at bid price : 22.80
Bid-YTW : 6.81 %
CCS.PR.C Insurance Straight -2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 20.38
Evaluated at bid price : 20.38
Bid-YTW : 6.15 %
TD.PF.J FixedReset Prem -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 23.19
Evaluated at bid price : 24.65
Bid-YTW : 5.76 %
BN.PR.R FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 7.45 %
BIK.PR.A FixedReset Prem -1.31 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-04-01
Maturity Price : 25.00
Evaluated at bid price : 26.35
Bid-YTW : 5.95 %
SLF.PR.C Insurance Straight -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.63 %
PVS.PR.K SplitShare -1.00 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.70
Bid-YTW : 4.77 %
PWF.PR.T FixedReset Disc 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 22.18
Evaluated at bid price : 22.75
Bid-YTW : 5.99 %
FFH.PR.F FloatingReset 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 22.36
Evaluated at bid price : 22.60
Bid-YTW : 6.30 %
BN.PR.K Floater 1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 12.31
Evaluated at bid price : 12.31
Bid-YTW : 8.69 %
PVS.PR.J SplitShare 1.66 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 25.06
Bid-YTW : 4.33 %
MFC.PR.F FixedReset Ins Non 5.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 16.63
Evaluated at bid price : 16.63
Bid-YTW : 6.28 %
SLF.PR.E Insurance Straight 6.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 20.19
Evaluated at bid price : 20.19
Bid-YTW : 5.58 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.C FixedReset Disc 205,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 22.80
Evaluated at bid price : 24.07
Bid-YTW : 5.39 %
ENB.PF.C FixedReset Disc 144,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 18.84
Evaluated at bid price : 18.84
Bid-YTW : 7.46 %
IFC.PR.I Insurance Straight 56,250 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 22.00
Evaluated at bid price : 22.30
Bid-YTW : 6.16 %
ENB.PR.B FixedReset Disc 52,932 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 7.52 %
FTS.PR.M FixedReset Disc 52,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 6.70 %
ENB.PF.E FixedReset Disc 51,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 18.47
Evaluated at bid price : 18.47
Bid-YTW : 7.54 %
There were 29 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
SLF.PR.H FixedReset Ins Non Quote: 16.81 – 19.00
Spot Rate : 2.1900
Average : 1.2248

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 16.81
Evaluated at bid price : 16.81
Bid-YTW : 7.23 %
IFC.PR.E Insurance Straight Quote: 21.80 – 23.00
Spot Rate : 1.2000
Average : 0.7379

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 21.80
Evaluated at bid price : 21.80
Bid-YTW : 6.09 %
BN.PR.R FixedReset Disc Quote: 17.15 – 17.95
Spot Rate : 0.8000
Average : 0.5192

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 7.45 %
TD.PF.J FixedReset Prem Quote: 24.65 – 25.40
Spot Rate : 0.7500
Average : 0.4767

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 23.19
Evaluated at bid price : 24.65
Bid-YTW : 5.76 %
IFC.PR.A FixedReset Ins Non Quote: 19.10 – 20.30
Spot Rate : 1.2000
Average : 0.9640

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.30 %
PWF.PR.F Perpetual-Discount Quote: 21.18 – 21.79
Spot Rate : 0.6100
Average : 0.4064

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-04
Maturity Price : 21.18
Evaluated at bid price : 21.18
Bid-YTW : 6.29 %
Market Action

December 3, 2024

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.1414 % 2,266.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1414 % 4,346.7
Floater 8.40 % 8.76 % 27,988 10.52 4 0.1414 % 2,505.0
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0741 % 3,620.1
SplitShare 4.78 % 4.22 % 67,062 1.20 7 -0.0741 % 4,323.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0741 % 3,373.1
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.0796 % 2,839.3
Perpetual-Discount 6.05 % 6.25 % 50,847 13.50 32 -0.0796 % 3,096.1
FixedReset Disc 5.48 % 6.73 % 104,823 12.83 53 0.2464 % 2,743.3
Insurance Straight 6.02 % 6.13 % 60,173 13.76 21 -1.0977 % 3,009.1
FloatingReset 6.71 % 6.37 % 33,118 12.38 4 0.4691 % 3,340.2
FixedReset Prem 6.13 % 5.50 % 173,466 3.73 10 0.1479 % 2,599.2
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2464 % 2,804.2
FixedReset Ins Non 5.21 % 6.06 % 83,841 13.76 14 0.3501 % 2,821.9
Performance Highlights
Issue Index Change Notes
MFC.PR.F FixedReset Ins Non -5.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 15.72
Evaluated at bid price : 15.72
Bid-YTW : 6.63 %
SLF.PR.E Insurance Straight -4.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.93 %
PWF.PR.F Perpetual-Discount -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 6.29 %
PVS.PR.J SplitShare -1.20 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 24.65
Bid-YTW : 4.89 %
GWO.PR.Q Insurance Straight -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 20.84
Evaluated at bid price : 20.84
Bid-YTW : 6.19 %
PWF.PR.T FixedReset Disc -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 22.02
Evaluated at bid price : 22.50
Bid-YTW : 6.06 %
ENB.PR.F FixedReset Disc -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 7.43 %
BIP.PR.B FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 24.90
Bid-YTW : 5.52 %
BN.PF.J FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 22.69
Evaluated at bid price : 23.45
Bid-YTW : 6.61 %
FFH.PR.K FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 23.14
Evaluated at bid price : 24.10
Bid-YTW : 6.55 %
FFH.PR.F FloatingReset 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 22.09
Evaluated at bid price : 22.35
Bid-YTW : 6.37 %
ENB.PF.G FixedReset Disc 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 18.27
Evaluated at bid price : 18.27
Bid-YTW : 7.57 %
BN.PF.A FixedReset Disc 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 22.99
Evaluated at bid price : 24.26
Bid-YTW : 6.35 %
BN.PR.Z FixedReset Disc 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 7.26 %
BN.PF.E FixedReset Disc 2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 19.32
Evaluated at bid price : 19.32
Bid-YTW : 7.19 %
IFC.PR.A FixedReset Ins Non 3.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 6.09 %
IFC.PR.C FixedReset Ins Non 4.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.50 %
Volume Highlights
Issue Index Shares
Traded		 Notes
ENB.PR.T FixedReset Disc 49,763 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 7.17 %
FFH.PR.E FixedReset Disc 48,374 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 21.99
Evaluated at bid price : 22.55
Bid-YTW : 5.68 %
FFH.PR.D FloatingReset 36,200 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-01-30
Maturity Price : 25.00
Evaluated at bid price : 25.37
Bid-YTW : 4.56 %
BN.PF.F FixedReset Disc 31,191 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 20.62
Evaluated at bid price : 20.62
Bid-YTW : 7.22 %
SLF.PR.H FixedReset Ins Non 27,184 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 18.84
Evaluated at bid price : 18.84
Bid-YTW : 6.47 %
CM.PR.P FixedReset Disc 26,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 23.71
Evaluated at bid price : 24.72
Bid-YTW : 5.25 %
There were 19 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BN.PR.M Perpetual-Discount Quote: 19.00 – 20.90
Spot Rate : 1.9000
Average : 1.2104

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.38 %
BIP.PR.A FixedReset Disc Quote: 23.30 – 24.60
Spot Rate : 1.3000
Average : 0.8840

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 22.41
Evaluated at bid price : 23.30
Bid-YTW : 6.87 %
PWF.PR.H Perpetual-Discount Quote: 23.27 – 24.25
Spot Rate : 0.9800
Average : 0.6522

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 23.00
Evaluated at bid price : 23.27
Bid-YTW : 6.25 %
MFC.PR.F FixedReset Ins Non Quote: 15.72 – 16.72
Spot Rate : 1.0000
Average : 0.7233

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 15.72
Evaluated at bid price : 15.72
Bid-YTW : 6.63 %
SLF.PR.E Insurance Straight Quote: 19.00 – 20.28
Spot Rate : 1.2800
Average : 1.0091

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-03
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.93 %
PVS.PR.J SplitShare Quote: 24.65 – 25.50
Spot Rate : 0.8500
Average : 0.5821

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 24.65
Bid-YTW : 4.89 %
Market Action

December 2, 2024

TXPR closed at 619.34, down 0.54% on the day. Volume today was 1.34-million, above the median of the past 21 trading days.

CPD closed at 12.26, down 0.49% on the day. Volume was 70,810, third-highest of the past 21 trading days.

ZPR closed at 10.62, down 0.56% on the day. Volume was 83,450, near the median of the past 21 trading days.

Five-year Canada yields were steady at 2.96%.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.6301 % 2,263.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.6301 % 4,340.6
Floater 8.41 % 8.80 % 28,916 10.48 4 0.6301 % 2,501.5
OpRet 0.00 % 0.00 % 0 0.00 0 0.2399 % 3,622.8
SplitShare 4.77 % 4.47 % 67,065 1.20 7 0.2399 % 4,326.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2399 % 3,375.6
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.2161 % 2,841.6
Perpetual-Discount 6.04 % 6.22 % 51,123 13.53 32 -0.2161 % 3,098.6
FixedReset Disc 5.42 % 6.74 % 102,386 12.76 53 0.0018 % 2,736.6
Insurance Straight 5.95 % 6.13 % 60,646 13.63 21 0.2843 % 3,042.5
FloatingReset 6.74 % 6.46 % 32,485 12.35 4 0.4595 % 3,324.6
FixedReset Prem 6.14 % 5.53 % 175,770 3.73 10 -0.0272 % 2,595.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.0018 % 2,797.3
FixedReset Ins Non 5.22 % 6.09 % 85,005 13.76 14 -0.8239 % 2,812.0
Performance Highlights
Issue Index Change Notes
IFC.PR.C FixedReset Ins Non -4.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.04
Evaluated at bid price : 20.04
Bid-YTW : 6.77 %
IFC.PR.A FixedReset Ins Non -3.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.30 %
BN.PR.Z FixedReset Disc -2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 7.39 %
PWF.PR.S Perpetual-Discount -2.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 6.26 %
BN.PR.X FixedReset Disc -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 16.35
Evaluated at bid price : 16.35
Bid-YTW : 7.40 %
BN.PR.N Perpetual-Discount -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.42 %
BN.PF.J FixedReset Disc -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 22.55
Evaluated at bid price : 23.20
Bid-YTW : 6.68 %
CU.PR.H Perpetual-Discount -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 21.51
Evaluated at bid price : 21.77
Bid-YTW : 6.06 %
BN.PF.A FixedReset Disc -1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 22.81
Evaluated at bid price : 23.87
Bid-YTW : 6.47 %
FTS.PR.M FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.35
Evaluated at bid price : 20.35
Bid-YTW : 6.74 %
ENB.PF.G FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 7.68 %
MFC.PR.C Insurance Straight -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 19.32
Evaluated at bid price : 19.32
Bid-YTW : 5.85 %
IFC.PR.E Insurance Straight -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 21.72
Evaluated at bid price : 21.72
Bid-YTW : 6.11 %
PWF.PR.R Perpetual-Discount -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 21.98
Evaluated at bid price : 22.22
Bid-YTW : 6.26 %
ENB.PR.F FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 18.84
Evaluated at bid price : 18.84
Bid-YTW : 7.35 %
FTS.PR.F Perpetual-Discount 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 5.86 %
PVS.PR.J SplitShare 1.22 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 24.95
Bid-YTW : 4.47 %
BN.PF.F FixedReset Disc 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.53
Evaluated at bid price : 20.53
Bid-YTW : 7.26 %
PWF.PR.T FixedReset Disc 2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 22.18
Evaluated at bid price : 22.75
Bid-YTW : 5.98 %
FFH.PR.E FixedReset Disc 2.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 22.09
Evaluated at bid price : 22.70
Bid-YTW : 5.64 %
BN.PR.T FixedReset Disc 2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 7.36 %
BN.PR.B Floater 2.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 12.14
Evaluated at bid price : 12.14
Bid-YTW : 8.81 %
CCS.PR.C Insurance Straight 3.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.86
Evaluated at bid price : 20.86
Bid-YTW : 6.00 %
BN.PF.E FixedReset Disc 3.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 7.39 %
SLF.PR.E Insurance Straight 4.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 5.68 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PF.B FixedReset Disc 133,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 21.11
Evaluated at bid price : 21.11
Bid-YTW : 6.97 %
IFC.PR.A FixedReset Ins Non 43,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.30 %
PWF.PR.K Perpetual-Discount 43,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.17
Evaluated at bid price : 20.17
Bid-YTW : 6.22 %
ENB.PR.Y FixedReset Disc 35,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 17.87
Evaluated at bid price : 17.87
Bid-YTW : 7.52 %
MFC.PR.I FixedReset Ins Non 30,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 22.97
Evaluated at bid price : 23.93
Bid-YTW : 6.09 %
MFC.PR.M FixedReset Ins Non 28,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 21.64
Evaluated at bid price : 22.00
Bid-YTW : 6.05 %
There were 14 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IFC.PR.C FixedReset Ins Non Quote: 20.04 – 21.25
Spot Rate : 1.2100
Average : 0.7719

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.04
Evaluated at bid price : 20.04
Bid-YTW : 6.77 %
BN.PF.G FixedReset Disc Quote: 20.14 – 21.30
Spot Rate : 1.1600
Average : 0.7587

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.14
Evaluated at bid price : 20.14
Bid-YTW : 7.18 %
PVS.PR.K SplitShare Quote: 24.79 – 26.00
Spot Rate : 1.2100
Average : 0.8736

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.79
Bid-YTW : 4.67 %
IFC.PR.A FixedReset Ins Non Quote: 19.10 – 20.30
Spot Rate : 1.2000
Average : 0.8756

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.30 %
CU.PR.C FixedReset Disc Quote: 20.52 – 21.40
Spot Rate : 0.8800
Average : 0.5812

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 6.55 %
FFH.PR.F FloatingReset Quote: 22.05 – 22.84
Spot Rate : 0.7900
Average : 0.5174

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-12-02
Maturity Price : 21.77
Evaluated at bid price : 22.05
Bid-YTW : 6.46 %
Market Action

November 29, 2024

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.4049 % 2,248.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.4049 % 4,313.4
Floater 8.47 % 8.81 % 30,071 10.48 4 -0.4049 % 2,485.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.4551 % 3,614.1
SplitShare 4.78 % 4.65 % 71,984 1.21 6 0.4551 % 4,316.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.4551 % 3,367.5
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.4545 % 2,847.7
Perpetual-Discount 6.05 % 6.21 % 51,468 13.55 31 0.4545 % 3,105.3
FixedReset Disc 5.43 % 6.67 % 105,481 12.83 57 -0.1816 % 2,736.5
Insurance Straight 5.97 % 6.13 % 60,527 13.63 21 0.2188 % 3,033.9
FloatingReset 6.45 % 1.64 % 44,192 0.09 2 -0.1691 % 3,309.4
FixedReset Prem 6.38 % 5.53 % 174,473 3.73 7 0.1656 % 2,596.0
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.1816 % 2,797.3
FixedReset Ins Non 5.18 % 6.11 % 84,002 13.70 14 0.2252 % 2,835.4
Performance Highlights
Issue Index Change Notes
BN.PF.E FixedReset Disc -6.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 18.11
Evaluated at bid price : 18.11
Bid-YTW : 7.75 %
SLF.PR.E Insurance Straight -5.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.93 %
CCS.PR.C Insurance Straight -2.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 20.09
Evaluated at bid price : 20.09
Bid-YTW : 6.23 %
BN.PR.B Floater -2.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 11.80
Evaluated at bid price : 11.80
Bid-YTW : 9.06 %
PVS.PR.J SplitShare -2.03 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 24.65
Bid-YTW : 4.87 %
BN.PF.F FixedReset Disc -1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 7.44 %
BN.PR.Z FixedReset Disc -1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 21.19
Evaluated at bid price : 21.19
Bid-YTW : 7.24 %
FFH.PR.F FloatingReset -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 21.85
Evaluated at bid price : 21.85
Bid-YTW : 6.54 %
BN.PF.H FixedReset Disc -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 24.19
Evaluated at bid price : 24.61
Bid-YTW : 7.23 %
BN.PF.G FixedReset Disc -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 20.09
Evaluated at bid price : 20.09
Bid-YTW : 7.26 %
PWF.PR.F Perpetual-Discount 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 21.38
Evaluated at bid price : 21.38
Bid-YTW : 6.22 %
IFC.PR.F Insurance Straight 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 22.00
Evaluated at bid price : 22.00
Bid-YTW : 6.14 %
SLF.PR.H FixedReset Ins Non 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 6.54 %
IFC.PR.E Insurance Straight 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 21.95
Evaluated at bid price : 21.95
Bid-YTW : 6.04 %
FTS.PR.K FixedReset Disc 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 19.63
Evaluated at bid price : 19.63
Bid-YTW : 6.65 %
MIC.PR.A Perpetual-Discount 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 6.47 %
BIK.PR.A FixedReset Prem 1.72 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-04-01
Maturity Price : 25.00
Evaluated at bid price : 26.50
Bid-YTW : 5.78 %
BN.PR.N Perpetual-Discount 2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 6.33 %
PWF.PR.S Perpetual-Discount 2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 19.88
Evaluated at bid price : 19.88
Bid-YTW : 6.12 %
CU.PR.F Perpetual-Discount 4.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 18.84
Evaluated at bid price : 18.84
Bid-YTW : 6.01 %
PVS.PR.K SplitShare 5.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 4.65 %
GWO.PR.T Insurance Straight 6.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 6.15 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.A FixedReset Disc 229,768 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 22.24
Evaluated at bid price : 22.93
Bid-YTW : 5.67 %
FFH.PR.C FixedReset Disc 103,100 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 4.31 %
MFC.PR.M FixedReset Ins Non 75,508 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 21.68
Evaluated at bid price : 22.06
Bid-YTW : 6.10 %
FFH.PR.D FloatingReset 64,000 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.38
Bid-YTW : 1.64 %
BMO.PR.E FixedReset Prem 48,640 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2028-11-25
Maturity Price : 25.00
Evaluated at bid price : 26.20
Bid-YTW : 5.53 %
ENB.PF.C FixedReset Disc 36,268 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 18.76
Evaluated at bid price : 18.76
Bid-YTW : 7.56 %
There were 19 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BN.PF.E FixedReset Disc Quote: 18.11 – 19.45
Spot Rate : 1.3400
Average : 0.7634

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 18.11
Evaluated at bid price : 18.11
Bid-YTW : 7.75 %
ENB.PF.E FixedReset Disc Quote: 18.45 – 19.95
Spot Rate : 1.5000
Average : 0.9638

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 7.62 %
SLF.PR.E Insurance Straight Quote: 19.00 – 20.35
Spot Rate : 1.3500
Average : 0.8896

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.93 %
BN.PF.D Perpetual-Discount Quote: 19.47 – 20.50
Spot Rate : 1.0300
Average : 0.6717

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 19.47
Evaluated at bid price : 19.47
Bid-YTW : 6.42 %
GWO.PR.H Insurance Straight Quote: 20.11 – 20.99
Spot Rate : 0.8800
Average : 0.5399

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 6.15 %
CCS.PR.C Insurance Straight Quote: 20.09 – 21.00
Spot Rate : 0.9100
Average : 0.5930

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-29
Maturity Price : 20.09
Evaluated at bid price : 20.09
Bid-YTW : 6.23 %
Market Action

November 28, 2024

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 2.0029 % 2,258.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 2.0029 % 4,331.0
Floater 8.43 % 8.82 % 29,922 10.48 4 2.0029 % 2,495.9
OpRet 0.00 % 0.00 % 0 0.00 0 -0.8296 % 3,597.7
SplitShare 4.80 % 4.18 % 62,194 1.21 6 -0.8296 % 4,296.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.8296 % 3,352.3
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.0641 % 2,834.8
Perpetual-Discount 6.07 % 6.23 % 53,392 13.53 31 0.0641 % 3,091.3
FixedReset Disc 5.42 % 6.82 % 104,546 12.61 57 0.2096 % 2,741.5
Insurance Straight 5.98 % 6.12 % 60,607 13.61 21 -0.3136 % 3,027.2
FloatingReset 6.48 % 6.71 % 40,803 12.81 2 0.3181 % 3,315.0
FixedReset Prem 6.39 % 5.55 % 174,568 3.45 7 -0.3685 % 2,591.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2096 % 2,802.4
FixedReset Ins Non 5.19 % 6.33 % 83,592 13.46 14 0.0478 % 2,829.0
Performance Highlights
Issue Index Change Notes
GWO.PR.T Insurance Straight -5.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.57 %
PVS.PR.K SplitShare -5.01 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 23.51
Bid-YTW : 5.99 %
CU.PR.F Perpetual-Discount -3.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.30 %
BN.PR.T FixedReset Disc -2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.83 %
PWF.PR.T FixedReset Disc -1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 21.89
Evaluated at bid price : 22.30
Bid-YTW : 6.33 %
RY.PR.S FixedReset Prem -1.89 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-02-24
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : 5.51 %
FTS.PR.K FixedReset Disc -1.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.92 %
MIC.PR.A Perpetual-Discount -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.56 %
PWF.PR.S Perpetual-Discount -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 19.48
Evaluated at bid price : 19.48
Bid-YTW : 6.24 %
IFC.PR.F Insurance Straight -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 21.77
Evaluated at bid price : 21.77
Bid-YTW : 6.21 %
BN.PF.A FixedReset Disc 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 22.92
Evaluated at bid price : 24.10
Bid-YTW : 6.60 %
BN.PR.X FixedReset Disc 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 7.65 %
CU.PR.D Perpetual-Discount 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 5.99 %
SLF.PR.E Insurance Straight 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 5.62 %
BIP.PR.A FixedReset Disc 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 22.71
Evaluated at bid price : 23.40
Bid-YTW : 7.19 %
BN.PF.G FixedReset Disc 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 20.32
Evaluated at bid price : 20.32
Bid-YTW : 7.41 %
PWF.PR.P FixedReset Disc 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 15.65
Evaluated at bid price : 15.65
Bid-YTW : 7.37 %
BN.PR.K Floater 2.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 12.12
Evaluated at bid price : 12.12
Bid-YTW : 8.82 %
BN.PR.B Floater 2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 12.12
Evaluated at bid price : 12.12
Bid-YTW : 8.82 %
BN.PR.C Floater 2.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 12.12
Evaluated at bid price : 12.12
Bid-YTW : 8.82 %
CU.PR.G Perpetual-Discount 3.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.11 %
BN.PR.Z FixedReset Disc 3.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 21.30
Evaluated at bid price : 21.59
Bid-YTW : 7.28 %
Volume Highlights
Issue Index Shares
Traded		 Notes
MFC.PR.I FixedReset Ins Non 335,514 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 23.02
Evaluated at bid price : 24.03
Bid-YTW : 6.28 %
MFC.PR.B Insurance Straight 123,540 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 19.74
Evaluated at bid price : 19.74
Bid-YTW : 5.91 %
BN.PF.F FixedReset Disc 110,799 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 7.46 %
MFC.PR.M FixedReset Ins Non 80,737 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 21.68
Evaluated at bid price : 22.06
Bid-YTW : 6.33 %
BN.PF.I FixedReset Disc 64,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 22.85
Evaluated at bid price : 23.55
Bid-YTW : 7.31 %
TD.PF.A FixedReset Disc 32,450 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 22.26
Evaluated at bid price : 22.97
Bid-YTW : 5.81 %
There were 16 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
GWO.PR.T Insurance Straight Quote: 20.00 – 21.45
Spot Rate : 1.4500
Average : 0.8943

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.57 %
PVS.PR.K SplitShare Quote: 23.51 – 24.89
Spot Rate : 1.3800
Average : 0.8390

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 23.51
Bid-YTW : 5.99 %
CU.PR.D Perpetual-Discount Quote: 20.61 – 21.75
Spot Rate : 1.1400
Average : 0.7664

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 5.99 %
PWF.PR.F Perpetual-Discount Quote: 21.16 – 22.15
Spot Rate : 0.9900
Average : 0.6994

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 21.16
Evaluated at bid price : 21.16
Bid-YTW : 6.29 %
BN.PR.T FixedReset Disc Quote: 17.00 – 17.71
Spot Rate : 0.7100
Average : 0.4221

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.83 %
CU.PR.F Perpetual-Discount Quote: 18.00 – 18.81
Spot Rate : 0.8100
Average : 0.5289

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-28
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.30 %
Market Action

November 27, 2024

PerpetualDiscounts now yield 6.24%, equivalent to 8.11% interest at the standard equivalency factor of 1.3x. Long corporates yielded 4.56% on 2024-11-29 [have to work backwards here, because I forgot to do this calculation on the 27th] and prior to then the closing price of ZLC changed from 15.53 on the 27th to 15.80 on the 29th, a total return of +2.13%, implying a decrease of yields of 17bp (BMO reports a duration of 12.59, but don’t disclose whether this is Macaulay or Modified; I will assume Modified) from 4.73%. Therefore, the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has widened to 340bp from the 320bp reported November 20.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.2472 % 2,213.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.2472 % 4,245.9
Floater 8.60 % 9.05 % 29,772 10.26 4 -0.2472 % 2,446.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.1662 % 3,627.8
SplitShare 4.76 % 4.39 % 63,002 3.02 6 0.1662 % 4,332.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1662 % 3,380.3
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.5232 % 2,833.0
Perpetual-Discount 6.08 % 6.24 % 53,163 13.51 31 0.5232 % 3,089.3
FixedReset Disc 5.43 % 6.84 % 105,155 12.57 57 0.2484 % 2,735.8
Insurance Straight 5.96 % 6.12 % 61,585 13.63 21 0.2551 % 3,036.8
FloatingReset 6.50 % 6.74 % 40,970 12.77 2 0.6617 % 3,304.5
FixedReset Prem 6.37 % 5.57 % 175,853 3.49 7 -0.1373 % 2,601.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2484 % 2,796.5
FixedReset Ins Non 5.20 % 6.33 % 83,999 13.46 14 0.2052 % 2,827.7
Performance Highlights
Issue Index Change Notes
BIP.PR.A FixedReset Disc -1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.28
Evaluated at bid price : 23.05
Bid-YTW : 7.30 %
BIK.PR.A FixedReset Prem -1.26 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-04-01
Maturity Price : 25.00
Evaluated at bid price : 26.75
Bid-YTW : 5.99 %
BN.PF.F FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 20.48
Evaluated at bid price : 20.48
Bid-YTW : 7.48 %
BN.PF.D Perpetual-Discount 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.44 %
FFH.PR.G FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 21.31
Evaluated at bid price : 21.58
Bid-YTW : 6.58 %
PWF.PR.R Perpetual-Discount 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.17
Evaluated at bid price : 22.45
Bid-YTW : 6.19 %
PWF.PR.G Perpetual-Discount 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 23.74
Evaluated at bid price : 24.05
Bid-YTW : 6.20 %
FFH.PR.E FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 21.56
Evaluated at bid price : 21.91
Bid-YTW : 6.15 %
BIP.PR.F FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.71
Evaluated at bid price : 23.70
Bid-YTW : 6.66 %
FFH.PR.F FloatingReset 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 21.83
Evaluated at bid price : 22.10
Bid-YTW : 6.50 %
ENB.PR.N FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 21.27
Evaluated at bid price : 21.55
Bid-YTW : 7.12 %
BN.PF.C Perpetual-Discount 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 6.41 %
PWF.PR.T FixedReset Disc 2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.18
Evaluated at bid price : 22.75
Bid-YTW : 6.19 %
BN.PR.M Perpetual-Discount 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.37 %
IFC.PR.G FixedReset Ins Non 2.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 23.00
Evaluated at bid price : 24.24
Bid-YTW : 6.06 %
SLF.PR.E Insurance Straight 6.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.69 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PF.I FixedReset Disc 289,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.82
Evaluated at bid price : 23.50
Bid-YTW : 7.32 %
MFC.PR.M FixedReset Ins Non 262,050 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 21.64
Evaluated at bid price : 22.00
Bid-YTW : 6.34 %
MFC.PR.I FixedReset Ins Non 250,183 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.99
Evaluated at bid price : 23.98
Bid-YTW : 6.29 %
ENB.PR.Y FixedReset Disc 169,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 17.72
Evaluated at bid price : 17.72
Bid-YTW : 7.82 %
ENB.PR.T FixedReset Disc 132,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 7.39 %
POW.PR.A Perpetual-Discount 106,068 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.64
Evaluated at bid price : 22.89
Bid-YTW : 6.20 %
There were 23 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
PWF.PR.H Perpetual-Discount Quote: 23.25 – 24.49
Spot Rate : 1.2400
Average : 0.6922

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 22.98
Evaluated at bid price : 23.25
Bid-YTW : 6.25 %
FFH.PR.G FixedReset Disc Quote: 21.58 – 22.58
Spot Rate : 1.0000
Average : 0.6590

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 21.31
Evaluated at bid price : 21.58
Bid-YTW : 6.58 %
CU.PR.E Perpetual-Discount Quote: 20.22 – 21.00
Spot Rate : 0.7800
Average : 0.4739

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 20.22
Evaluated at bid price : 20.22
Bid-YTW : 6.10 %
POW.PR.B Perpetual-Discount Quote: 21.73 – 22.38
Spot Rate : 0.6500
Average : 0.4107

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 21.47
Evaluated at bid price : 21.73
Bid-YTW : 6.24 %
MFC.PR.B Insurance Straight Quote: 19.61 – 20.23
Spot Rate : 0.6200
Average : 0.4273

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 19.61
Evaluated at bid price : 19.61
Bid-YTW : 5.95 %
BN.PR.Z FixedReset Disc Quote: 20.80 – 21.50
Spot Rate : 0.7000
Average : 0.5361

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-27
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 7.57 %
Market Action

November 26, 2024

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.3898 % 2,219.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.3898 % 4,256.4
Floater 8.58 % 9.04 % 30,027 10.27 4 -0.3898 % 2,453.0
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1792 % 3,621.8
SplitShare 4.77 % 4.61 % 75,294 3.03 6 -0.1792 % 4,325.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1792 % 3,374.7
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.0583 % 2,818.3
Perpetual-Discount 6.11 % 6.27 % 53,078 13.49 31 0.0583 % 3,073.2
FixedReset Disc 5.45 % 6.89 % 98,022 12.57 57 0.2738 % 2,729.0
Insurance Straight 5.98 % 6.13 % 63,394 13.60 21 -0.1706 % 3,029.0
FloatingReset 6.55 % 6.74 % 41,005 12.77 2 0.1068 % 3,282.8
FixedReset Prem 6.36 % 5.60 % 182,356 3.45 7 0.2478 % 2,604.9
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2738 % 2,789.6
FixedReset Ins Non 5.21 % 6.33 % 79,156 13.43 14 0.1851 % 2,821.9
Performance Highlights
Issue Index Change Notes
IFC.PR.G FixedReset Ins Non -1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 22.76
Evaluated at bid price : 23.71
Bid-YTW : 6.22 %
BN.PR.Z FixedReset Disc -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 20.72
Evaluated at bid price : 20.72
Bid-YTW : 7.60 %
BIP.PR.F FixedReset Disc -1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 22.56
Evaluated at bid price : 23.41
Bid-YTW : 6.75 %
BIP.PR.E FixedReset Disc -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 22.71
Evaluated at bid price : 23.55
Bid-YTW : 6.81 %
ENB.PR.A Perpetual-Discount -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.28 %
FTS.PR.M FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 20.74
Evaluated at bid price : 20.74
Bid-YTW : 6.92 %
BN.PF.E FixedReset Disc 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 19.38
Evaluated at bid price : 19.38
Bid-YTW : 7.49 %
FFH.PR.G FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 6.66 %
BN.PR.T FixedReset Disc 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 17.37
Evaluated at bid price : 17.37
Bid-YTW : 7.67 %
FFH.PR.I FixedReset Disc 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 21.76
Evaluated at bid price : 22.23
Bid-YTW : 6.66 %
FTS.PR.H FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 15.63
Evaluated at bid price : 15.63
Bid-YTW : 7.35 %
GWO.PR.N FixedReset Ins Non 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 15.06
Evaluated at bid price : 15.06
Bid-YTW : 7.21 %
BN.PF.I FixedReset Disc 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 22.86
Evaluated at bid price : 23.56
Bid-YTW : 7.30 %
CU.PR.C FixedReset Disc 2.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 6.81 %
FFH.PR.E FixedReset Disc 3.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 21.37
Evaluated at bid price : 21.65
Bid-YTW : 6.22 %
IFC.PR.A FixedReset Ins Non 3.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 6.33 %
CU.PR.F Perpetual-Discount 3.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.06 %
Volume Highlights
Issue Index Shares
Traded		 Notes
GWO.PR.P Insurance Straight 223,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 21.91
Evaluated at bid price : 22.15
Bid-YTW : 6.20 %
BN.PR.M Perpetual-Discount 204,627 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 6.51 %
BN.PF.H FixedReset Disc 155,074 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 6.55 %
GWO.PR.S Insurance Straight 153,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 21.27
Evaluated at bid price : 21.54
Bid-YTW : 6.19 %
BN.PR.T FixedReset Disc 135,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 17.37
Evaluated at bid price : 17.37
Bid-YTW : 7.67 %
MFC.PR.K FixedReset Ins Non 105,503 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 22.86
Evaluated at bid price : 23.98
Bid-YTW : 5.86 %
CM.PR.Q FixedReset Disc 100,516 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 23.97
Evaluated at bid price : 24.55
Bid-YTW : 6.02 %
There were 24 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
BIP.PR.E FixedReset Disc Quote: 23.55 – 25.10
Spot Rate : 1.5500
Average : 1.1781

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 22.71
Evaluated at bid price : 23.55
Bid-YTW : 6.81 %
SLF.PR.E Insurance Straight Quote: 18.90 – 20.46
Spot Rate : 1.5600
Average : 1.2069

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.06 %
BN.PR.K Floater Quote: 11.80 – 12.40
Spot Rate : 0.6000
Average : 0.3611

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 11.80
Evaluated at bid price : 11.80
Bid-YTW : 9.06 %
IFC.PR.G FixedReset Ins Non Quote: 23.71 – 24.50
Spot Rate : 0.7900
Average : 0.5603

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 22.76
Evaluated at bid price : 23.71
Bid-YTW : 6.22 %
ENB.PR.J FixedReset Disc Quote: 19.47 – 20.00
Spot Rate : 0.5300
Average : 0.3297

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 19.47
Evaluated at bid price : 19.47
Bid-YTW : 7.58 %
BN.PR.Z FixedReset Disc Quote: 20.72 – 21.25
Spot Rate : 0.5300
Average : 0.3564

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-26
Maturity Price : 20.72
Evaluated at bid price : 20.72
Bid-YTW : 7.60 %
Market Action

November 25, 2024

TXPR closed at 620.21, up 0.99% on the day. Volume today was 2.16-million, third-highest of the past 21 trading days.

CPD closed at 12.30, up 0.82% on the day. Volume was 64,420, fourth-highest of the past 21 trading days.

ZPR closed at 10.71, up 1.23% on the day. Volume was 268,330, second-highest of the past 21 trading days.

Five-year Canada yields were up to 3.20%.

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.5570 % 2,227.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.5570 % 4,273.1
Floater 8.55 % 8.98 % 30,366 10.32 4 0.5570 % 2,462.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.2662 % 3,628.3
SplitShare 4.76 % 4.52 % 75,031 3.03 6 0.2662 % 4,333.0
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2662 % 3,380.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.2987 % 2,816.6
Perpetual-Discount 6.11 % 6.25 % 55,054 13.49 31 0.2987 % 3,071.4
FixedReset Disc 5.43 % 6.90 % 102,699 12.61 58 0.5627 % 2,721.5
Insurance Straight 5.97 % 6.11 % 64,719 13.67 21 0.0296 % 3,034.2
FloatingReset 6.55 % 6.72 % 40,924 12.79 2 0.7969 % 3,279.3
FixedReset Prem 6.37 % 5.60 % 170,428 3.50 7 -0.0550 % 2,598.5
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.5627 % 2,781.9
FixedReset Ins Non 5.22 % 6.34 % 78,102 13.45 14 0.1785 % 2,816.7
Performance Highlights
Issue Index Change Notes
SLF.PR.E Insurance Straight -6.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.06 %
CU.PR.G Perpetual-Discount -3.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 6.33 %
CU.PR.C FixedReset Disc -3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 7.00 %
IFC.PR.A FixedReset Ins Non -2.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.57 %
TD.PF.I FixedReset Prem -1.23 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.71
Bid-YTW : 5.45 %
BN.PR.N Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 6.51 %
ENB.PR.F FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.74 %
BIP.PR.E FixedReset Disc 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.86
Evaluated at bid price : 23.85
Bid-YTW : 6.71 %
POW.PR.C Perpetual-Discount 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 23.54
Evaluated at bid price : 23.81
Bid-YTW : 6.17 %
BN.PF.E FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.16
Evaluated at bid price : 19.16
Bid-YTW : 7.58 %
NA.PR.W FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.72
Evaluated at bid price : 23.90
Bid-YTW : 5.68 %
FTS.PR.G FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 21.61
Evaluated at bid price : 21.88
Bid-YTW : 6.36 %
MFC.PR.C Insurance Straight 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 5.86 %
FFH.PR.E FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.43 %
FFH.PR.G FixedReset Disc 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 6.74 %
GWO.PR.Q Insurance Straight 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 6.15 %
IFC.PR.C FixedReset Ins Non 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 6.83 %
MFC.PR.I FixedReset Ins Non 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.98
Evaluated at bid price : 23.95
Bid-YTW : 6.30 %
BN.PR.C Floater 1.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 11.89
Evaluated at bid price : 11.89
Bid-YTW : 8.98 %
BN.PR.X FixedReset Disc 1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 16.20
Evaluated at bid price : 16.20
Bid-YTW : 7.79 %
BN.PF.G FixedReset Disc 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 7.51 %
BN.PR.R FixedReset Disc 1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 7.74 %
BN.PR.Z FixedReset Disc 1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 21.09
Evaluated at bid price : 21.09
Bid-YTW : 7.46 %
ENB.PF.A FixedReset Disc 1.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 7.76 %
FFH.PR.F FloatingReset 1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 21.70
Evaluated at bid price : 21.70
Bid-YTW : 6.63 %
ENB.PF.G FixedReset Disc 1.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 18.09
Evaluated at bid price : 18.09
Bid-YTW : 7.97 %
BN.PF.A FixedReset Disc 2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.84
Evaluated at bid price : 23.93
Bid-YTW : 6.65 %
BIP.PR.A FixedReset Disc 2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.76
Evaluated at bid price : 23.45
Bid-YTW : 7.17 %
BN.PR.T FixedReset Disc 2.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 17.15
Evaluated at bid price : 17.15
Bid-YTW : 7.76 %
Volume Highlights
Issue Index Shares
Traded		 Notes
CU.PR.I FixedReset Disc 188,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 23.68
Evaluated at bid price : 24.20
Bid-YTW : 6.98 %
GWO.PR.M Insurance Straight 179,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 23.58
Evaluated at bid price : 23.85
Bid-YTW : 6.18 %
ENB.PR.P FixedReset Disc 109,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 7.55 %
CU.PR.E Perpetual-Discount 105,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 6.14 %
FFH.PR.C FixedReset Disc 69,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 24.09
Evaluated at bid price : 25.06
Bid-YTW : 6.40 %
TD.PF.A FixedReset Disc 65,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.25
Evaluated at bid price : 22.95
Bid-YTW : 5.82 %
There were 37 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
IFC.PR.A FixedReset Ins Non Quote: 19.10 – 23.00
Spot Rate : 3.9000
Average : 2.4413

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.57 %
BIP.PR.F FixedReset Disc Quote: 23.79 – 25.50
Spot Rate : 1.7100
Average : 0.9714

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.75
Evaluated at bid price : 23.79
Bid-YTW : 6.63 %
SLF.PR.E Insurance Straight Quote: 18.90 – 20.39
Spot Rate : 1.4900
Average : 0.8197

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.06 %
BIP.PR.E FixedReset Disc Quote: 23.85 – 25.10
Spot Rate : 1.2500
Average : 0.7703

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 22.86
Evaluated at bid price : 23.85
Bid-YTW : 6.71 %
CU.PR.C FixedReset Disc Quote: 19.95 – 21.29
Spot Rate : 1.3400
Average : 0.9887

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 7.00 %
CU.PR.G Perpetual-Discount Quote: 17.90 – 18.70
Spot Rate : 0.8000
Average : 0.4610

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-25
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 6.33 %
Market Action

November 22, 2024

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.9161 % 2,215.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.9161 % 4,249.4
Floater 8.59 % 9.01 % 30,634 10.31 4 0.9161 % 2,449.0
OpRet 0.00 % 0.00 % 0 0.00 0 -0.2787 % 3,618.7
SplitShare 4.77 % 4.57 % 76,081 3.03 6 -0.2787 % 4,321.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.2787 % 3,371.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.2377 % 2,808.3
Perpetual-Discount 6.13 % 6.27 % 53,061 13.48 31 0.2377 % 3,062.3
FixedReset Disc 5.46 % 6.96 % 102,555 12.47 58 0.2591 % 2,706.3
Insurance Straight 5.97 % 6.12 % 64,491 13.68 21 0.4501 % 3,033.3
FloatingReset 6.62 % 6.72 % 41,352 12.80 2 0.8690 % 3,253.3
FixedReset Prem 6.37 % 5.55 % 164,579 3.69 7 0.2759 % 2,599.9
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2591 % 2,766.4
FixedReset Ins Non 5.23 % 6.49 % 74,897 13.26 14 0.3618 % 2,811.6
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 18.01
Evaluated at bid price : 18.01
Bid-YTW : 6.29 %
SLF.PR.D Insurance Straight -1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 5.74 %
CU.PR.C FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 6.89 %
IFC.PR.K Insurance Straight 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 21.66
Evaluated at bid price : 21.97
Bid-YTW : 6.07 %
BN.PF.G FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 19.72
Evaluated at bid price : 19.72
Bid-YTW : 7.77 %
BN.PR.B Floater 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 11.76
Evaluated at bid price : 11.76
Bid-YTW : 9.08 %
BIP.PR.F FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 22.68
Evaluated at bid price : 23.65
Bid-YTW : 6.76 %
BN.PF.A FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 22.57
Evaluated at bid price : 23.38
Bid-YTW : 6.92 %
PVS.PR.J SplitShare 1.18 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 25.02
Bid-YTW : 4.34 %
FFH.PR.G FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.96 %
TD.PF.I FixedReset Prem 1.24 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-10-31
Maturity Price : 25.00
Evaluated at bid price : 26.03
Bid-YTW : 4.96 %
BN.PF.B FixedReset Disc 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 20.62
Evaluated at bid price : 20.62
Bid-YTW : 7.46 %
PVS.PR.G SplitShare 1.38 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-02-28
Maturity Price : 25.00
Evaluated at bid price : 25.06
Bid-YTW : 3.26 %
SLF.PR.H FixedReset Ins Non 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 6.99 %
FFH.PR.F FloatingReset 1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 6.76 %
MFC.PR.J FixedReset Ins Non 2.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 22.81
Evaluated at bid price : 23.75
Bid-YTW : 6.28 %
BN.PR.K Floater 2.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 11.85
Evaluated at bid price : 11.85
Bid-YTW : 9.01 %
MFC.PR.C Insurance Straight 2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.93 %
IFC.PR.A FixedReset Ins Non 3.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 19.68
Evaluated at bid price : 19.68
Bid-YTW : 6.49 %
FFH.PR.K FixedReset Disc 3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 22.99
Evaluated at bid price : 23.82
Bid-YTW : 6.95 %
BIP.PR.A FixedReset Disc 3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 22.20
Evaluated at bid price : 22.91
Bid-YTW : 7.47 %
BN.PR.M Perpetual-Discount 3.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 18.51
Evaluated at bid price : 18.51
Bid-YTW : 6.54 %
POW.PR.A Perpetual-Discount 5.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 22.44
Evaluated at bid price : 22.70
Bid-YTW : 6.25 %
GWO.PR.S Insurance Straight 10.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.22 %
Volume Highlights
Issue Index Shares
Traded		 Notes
MFC.PR.M FixedReset Ins Non 204,721 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 21.64
Evaluated at bid price : 22.00
Bid-YTW : 6.48 %
ENB.PR.T FixedReset Disc 136,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 20.02
Evaluated at bid price : 20.02
Bid-YTW : 7.54 %
TD.PF.D FixedReset Disc 107,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 23.52
Evaluated at bid price : 24.17
Bid-YTW : 6.22 %
ENB.PR.H FixedReset Disc 31,867 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 19.69
Evaluated at bid price : 19.69
Bid-YTW : 7.20 %
SLF.PR.E Insurance Straight 28,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 5.64 %
FFH.PR.C FixedReset Disc 25,242 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 24.12
Evaluated at bid price : 25.06
Bid-YTW : 6.52 %
There were 19 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
ENB.PF.E FixedReset Disc Quote: 18.10 – 19.10
Spot Rate : 1.0000
Average : 0.6298

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 8.18 %
BN.PF.A FixedReset Disc Quote: 23.38 – 24.25
Spot Rate : 0.8700
Average : 0.5777

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 22.57
Evaluated at bid price : 23.38
Bid-YTW : 6.92 %
CU.PR.F Perpetual-Discount Quote: 18.01 – 18.75
Spot Rate : 0.7400
Average : 0.4789

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 18.01
Evaluated at bid price : 18.01
Bid-YTW : 6.29 %
MFC.PR.B Insurance Straight Quote: 19.48 – 20.23
Spot Rate : 0.7500
Average : 0.5203

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 19.48
Evaluated at bid price : 19.48
Bid-YTW : 5.98 %
ENB.PF.C FixedReset Disc Quote: 18.45 – 19.00
Spot Rate : 0.5500
Average : 0.3706

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 8.11 %
MIC.PR.A Perpetual-Discount Quote: 21.31 – 21.95
Spot Rate : 0.6400
Average : 0.4656

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-22
Maturity Price : 21.31
Evaluated at bid price : 21.31
Bid-YTW : 6.46 %
Market Action

November 21, 2024

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.9246 % 2,195.4
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.9246 % 4,210.8
Floater 8.67 % 9.14 % 30,434 10.19 4 0.9246 % 2,426.7
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1921 % 3,628.8
SplitShare 4.76 % 5.11 % 76,047 3.00 6 -0.1921 % 4,333.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1921 % 3,381.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.0555 % 2,801.6
Perpetual-Discount 6.15 % 6.27 % 50,766 13.48 31 -0.0555 % 3,055.0
FixedReset Disc 5.47 % 6.85 % 99,364 12.64 58 0.1058 % 2,699.3
Insurance Straight 6.00 % 6.13 % 60,730 13.66 21 0.0251 % 3,019.7
FloatingReset 6.74 % 6.78 % 38,957 12.72 2 0.2177 % 3,225.3
FixedReset Prem 6.39 % 5.55 % 170,842 3.70 7 -0.0055 % 2,592.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.1058 % 2,759.2
FixedReset Ins Non 5.24 % 6.27 % 71,537 13.49 14 -0.0172 % 2,801.5
Performance Highlights
Issue Index Change Notes
GWO.PR.S Insurance Straight -7.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.86 %
POW.PR.A Perpetual-Discount -5.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.61 %
MFC.PR.J FixedReset Ins Non -2.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 22.53
Evaluated at bid price : 23.22
Bid-YTW : 6.27 %
ENB.PF.A FixedReset Disc -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 7.77 %
IFC.PR.F Insurance Straight 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 22.00
Evaluated at bid price : 22.00
Bid-YTW : 6.13 %
BN.PR.B Floater 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 11.64
Evaluated at bid price : 11.64
Bid-YTW : 9.17 %
CU.PR.D Perpetual-Discount 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 6.15 %
GWO.PR.G Insurance Straight 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 21.28
Evaluated at bid price : 21.55
Bid-YTW : 6.13 %
CU.PR.C FixedReset Disc 1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.60 %
BN.PR.C Floater 2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 11.68
Evaluated at bid price : 11.68
Bid-YTW : 9.14 %
FFH.PR.E FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 20.56
Evaluated at bid price : 20.56
Bid-YTW : 6.47 %
BN.PF.C Perpetual-Discount 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 6.57 %
BN.PF.D Perpetual-Discount 3.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 19.08
Evaluated at bid price : 19.08
Bid-YTW : 6.54 %
MFC.PR.C Insurance Straight 5.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 6.09 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PR.X FixedReset Disc 159,786 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 15.86
Evaluated at bid price : 15.86
Bid-YTW : 7.85 %
BN.PR.T FixedReset Disc 111,871 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 16.86
Evaluated at bid price : 16.86
Bid-YTW : 7.79 %
TD.PF.A FixedReset Disc 106,218 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 22.23
Evaluated at bid price : 22.92
Bid-YTW : 5.76 %
BN.PF.G FixedReset Disc 98,143 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 7.61 %
MFC.PR.M FixedReset Ins Non 70,440 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 21.67
Evaluated at bid price : 22.05
Bid-YTW : 6.23 %
FFH.PR.C FixedReset Disc 66,311 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 24.06
Evaluated at bid price : 25.02
Bid-YTW : 6.33 %
There were 30 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
GWO.PR.S Insurance Straight Quote: 19.50 – 21.90
Spot Rate : 2.4000
Average : 1.5624

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.86 %
POW.PR.A Perpetual-Discount Quote: 21.50 – 22.90
Spot Rate : 1.4000
Average : 0.8399

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.61 %
MFC.PR.J FixedReset Ins Non Quote: 23.22 – 24.11
Spot Rate : 0.8900
Average : 0.5573

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 22.53
Evaluated at bid price : 23.22
Bid-YTW : 6.27 %
BN.PR.M Perpetual-Discount Quote: 17.85 – 19.40
Spot Rate : 1.5500
Average : 1.2691

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 6.78 %
ENB.PR.A Perpetual-Discount Quote: 21.90 – 22.55
Spot Rate : 0.6500
Average : 0.4525

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 21.65
Evaluated at bid price : 21.90
Bid-YTW : 6.30 %
BN.PR.B Floater Quote: 11.64 – 12.17
Spot Rate : 0.5300
Average : 0.3401

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2054-11-21
Maturity Price : 11.64
Evaluated at bid price : 11.64
Bid-YTW : 9.17 %